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yuradex [85]
3 years ago
10

Polly sells goods to customers in exchange for a $10,000 noninterest-bearing note due in 3 years. The interest rate on this type

of loan is 6%. What is the present value of the note
Business
1 answer:
Irina-Kira [14]3 years ago
7 0

Answer:

present value = $8396.19

Explanation:

given data

cash flow = $10,000

rate r = 6 %

time period t = 3 years

to find out

present value of the note  

 

solution

we get here present value that is expressed  as

present value =   \frac{cash\ flow}{(1+r)^t}     ....................1

put here value and we will get present value

present value = \frac{10000}{(1+0.06)^3}  

solve it we get

present value = $8396.19

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I think the answer is fine dining. Because if it is a fancy restaurant they want to have as many people to cater to each customer
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Answer:

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3 years ago
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Answer:

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Explanation:

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3 0
3 years ago
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5 0
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